Can you give an overview of Northern Superior Resources and the company’s activities at the Chibougamau gold camp in Québec?

Northern Superior Resources has a unique and aggressive strategy of consolidation of the Chibougamau gold camp, where many gold projects are located close to one another. Putting them under one roof allows us to look at all those deposits as one project eventually feeding the same mill. This consolidation strategy is transforming unviable ounces into viable ounces.

Chibougamau started with the discovery of the Nelligan deposit, which was the discovery of the year in 2019 in Québec. This discovery made the surrounding projects more viable, but consolidation was required. Northern Superior was already in the Chibougamau gold camp with the Lac Surprise project as well as with the Croteau project and took the leadership role. We acquired Genesis Metals for the Chevrier project, followed by the transformative acquisition of Royal Fox Gold to bring the Philibert deposit under the tent. We believe that the Philibert deposit, which is located only 9 km from Nelligan, will attract significant attention with an imminent 43-101 resource publication based on a total of 77,000 meters of drilling. We feel strongly that this resource calculation will establish Philibert as a pillar in the Chibougamau Camp.

Overall, the Chibougamau Camp is well solidified with all projects concentrated within a small radius. Envisioning a mill strategically positioned, we could have Nelligan, Philibert, and Lac Surprise all within a 5 km radius. The Lac Surprise is even adjacent to the Nelligan deposit, which already has a resource of 2 million ounces in the indicated category and 3.6 million ounces in the inferred category. Enlarging that radius to 17 km, allows us to include Monster Lake, which has a resource carrying a grade of 12 g/t, and Chevrier, which already has a sizable resource with enormous potential.

Will the limited sources of financing lead to more deal-making and M&A in the junior space in 2023?

The junior and explorer market has become extremely cheap, and this devaluation will lead to more and M&A activity. In regards to the Chibougamau gold camp, let’s keep in mind that the large gold companies do not want to deal with a whole bunch of small companies. We have done the heavy lifting by handling everything that needs to be handled to consolidate small companies, and we are now getting to a size that moves the needle for larger companies.

Can you discuss the experience of your management team and the financial structure of the company?

We are fortunate to have Victor Cantore, president and CEO of AMEX Exploration, as our executive chairman. Victor grew AMEX into one of the most successful gold exploration companies in the country. Also, our largest shareholder and director, Michael Gentile, was the mastermind behind the consolidation strategy of the Chibougamau gold camp and remains very involved. The company recently closed a financing of US$5 million of hard dollars, with all of it being raised at market price without warrants.

What are the main benefits of being an explorer in Québec?

Institutional support, government support, and a clear permitting process all contribute to making Québec a top-tier global jurisdiction. Québec has been able to put to work a defined, aggressive, and supporting structure from government entities which have spectacular repercussions in that other institutions and investors are then much more attracted to the province.

How do you forecast the gold space to evolve in the coming months, and what makes Northern Superior a compelling investment story?

By consolidating projects and putting them all under one roof in the Chibougamau gold camp there is a substantial amount of money to be made. Gold acts well when money is being devalued. Money continues to be devalued in current market dynamics. For example, you can put money in the bank today and get 4% interest on it a year later, but you have lost 7% due to inflation. This dynamic of high inflation and weak growth is catnip for the gold price. I believe that within the next few years, we will be looking at a gold price significantly higher than where it stands currently. Northern Superior is on the cusp of becoming a top-tier exploration company in Canada.